Fetner Properties, MCB & Farallon Secure $141.5M Acquisition Loan From M&T Bank For Multifamily Asset

The property asset involved in this transaction is a multifamily building located at 240 Willoughby Street, in the Fort Greene market of Brooklyn. The asset consists of 463 units, and the loan amount for the acquisition is $141,500,000. The transaction was facilitated by M&T Bank as the lender.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $141,500,000
• Address: 240 Willoughby Street
• Market: Fort Greene, Brooklyn
• Units: 463
• Lender: M&T Bank
• Landlord: Fetner Properties, MCB & Farallon
• Brokers: Christopher Peck, Peter Rotchford, Nicco Lupo & Christopher Pratt - JLL
• Loan Type: Acquisition

The key individuals involved in this transaction include Christopher Peck, Peter Rotchford, Nicco Lupo, and Christopher Pratt, who are associated with JLL, representing the brokers in this acquisition deal. The landlords for this property are Fetner Properties, MCB, and Farallon, highlighting the collaboration between these entities in securing the financing for the multifamily asset.